Private property, Freedom of enterprise and choice, competition, Role of self interest, Markets and price and Achieve but limited governments.
oligopoly and monopoloistic
All countries have some form of market economy.
If you look at the countries of the developed world ("the West"), you will find the characteristics; however, you won't probably find a country that runs only on the principles of this system. There will always be some aspects that won't fit into the description of the market economy.
Market Economy A market economy is a system in which decisions on production and consumption of goods and services are based entirely on exchange, or trade; The answer to this is Mixed Economy.A mixed economy is a system that combines the free market with some government intervention.
A free market economy is characterized by voluntary exchange, where prices are determined by supply and demand without government intervention. It promotes competition, leading to innovation and efficiency as businesses strive to meet consumer needs. Additionally, property rights are protected, allowing individuals to own and control resources. This system encourages entrepreneurship and consumer choice, facilitating economic growth.
oligopoly and monopoloistic
list and explain some important characteristics of a computer?
All countries have some form of market economy.
please i'd like to know thecharacteristics of money market especially in Nigeria
A mixed economy is a system that combines characteristics of market, command, and traditional economies. It benefits from the advantages of all three while also experiencing some of the disadvantages.
this are the characteristics of u.s economy,free market,private property,profit,competition, and consumer sovereignty.
If you look at the countries of the developed world ("the West"), you will find the characteristics; however, you won't probably find a country that runs only on the principles of this system. There will always be some aspects that won't fit into the description of the market economy.
large cities, a factory system, a developed transportation system
Market Economy A market economy is a system in which decisions on production and consumption of goods and services are based entirely on exchange, or trade; The answer to this is Mixed Economy.A mixed economy is a system that combines the free market with some government intervention.
A free market economy is characterized by voluntary exchange, where prices are determined by supply and demand without government intervention. It promotes competition, leading to innovation and efficiency as businesses strive to meet consumer needs. Additionally, property rights are protected, allowing individuals to own and control resources. This system encourages entrepreneurship and consumer choice, facilitating economic growth.
out of date
A free-market system, although there are no true free market systems. Government always meddles to some extent.